2023 PHP to BDT Historical Review

YEARLY HIGH

2.0191 BDT

YEARLY LOW

1.8481 BDT

YEARLY AVERAGE

1.9425 BDT

2023 PHP to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.0191. Conversely, the yearly low was recorded on January 3, dropping to 1.8481.

This high-to-low spread represents a total annual volatility of 0.1710 BDT. From a start-to-finish perspective, comparing the January average rate of 1.9080 to the December average rate of 1.9816, the exchange rate registered a net change of 3.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0191 was up 4.68% compared to the 2022 peak of 1.9287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 504,763 BDT

2022 Average 427,654 BDT

Yearly Trough Low 462,018 BDT

Transaction Impact: A difference of 42,745.06 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9890

1.9006

JanuMarcMayJulySeptNove

PHP to BDT Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.9265, compared to 1.9584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0319 points.

H1 Avg (Jan–Jun) 1.9265

H2 Avg (Jul–Dec) 1.9584

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1351 BDT (High: 2.0191 / Low: 1.8839). On the other end, October was the most stable month, with a tight range of 0.0185 BDT (High: 1.9485 / Low: 1.9300).

February Spread (Volatile) ±0.1351

October Spread (Stable) ±0.0185

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0337 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0337

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.9384) against the same month in 2022 (average: 1.6757), the exchange rate shifted by +0.2627 (+15.68%).

2023 Avg (February) 1.9384

2022 Avg (February) 1.6757

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9515	1.8481	1.9080
February	2.0191	1.8839	1.9384
March	1.9807	1.8998	1.9346
April	1.9720	1.8861	1.9211
May	1.9419	1.9022	1.9208
June	1.9623	1.9121	1.9362
July	2.0004	1.9411	1.9745
August	1.9817	1.9247	1.9408
September	1.9504	1.9238	1.9331
October	1.9485	1.9300	1.9404
November	2.0063	1.9443	1.9801
December	1.9924	1.9674	1.9816